Tdam USA Inc. Has $2.73 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Tdam USA Inc. decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,622 shares of the technology company’s stock after selling 1,027 shares during the period. Tdam USA Inc.’s holdings in Check Point Software Technologies were worth $2,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. William Blair Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 1,576.6% in the first quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock valued at $208,921,000 after purchasing an additional 1,553,162 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Check Point Software Technologies by 11.7% in the first quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock valued at $736,781,000 after purchasing an additional 612,046 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Check Point Software Technologies by 26.0% in the first quarter. Acadian Asset Management LLC now owns 1,630,815 shares of the technology company’s stock valued at $206,281,000 after purchasing an additional 336,148 shares during the last quarter. AJO LP raised its holdings in shares of Check Point Software Technologies by 368.1% in the first quarter. AJO LP now owns 302,442 shares of the technology company’s stock valued at $38,256,000 after purchasing an additional 237,827 shares during the last quarter. Finally, Pendal Group Ltd raised its holdings in shares of Check Point Software Technologies by 10.1% in the second quarter. Pendal Group Ltd now owns 2,349,995 shares of the technology company’s stock valued at $271,683,000 after purchasing an additional 215,915 shares during the last quarter. Hedge funds and other institutional investors own 71.08% of the company’s stock.

Several analysts have recently commented on CHKP shares. BMO Capital Markets reiterated an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of Check Point Software Technologies in a report on Monday, April 22nd. Robert W. Baird reiterated a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 24th. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Northland Securities reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, ValuEngine lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $124.47.

CHKP traded down $3.44 during trading on Wednesday, hitting $107.18. 34,534 shares of the company traded hands, compared to its average volume of 961,722. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.29 and a beta of 0.79. The firm’s fifty day moving average price is $114.93. Check Point Software Technologies Ltd. has a one year low of $98.57 and a one year high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The company had revenue of $488.10 million during the quarter, compared to analyst estimates of $487.53 million. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 5.49 EPS for the current year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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